Earnings Report: Popular Islamic Modaraba (PSX: PIM) today reported Financial Results for the Twelve months ended June 30, 2017

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Popular Islamic Modaraba announced Financial Results for the period ended June 30, 2017.

The company’s Income for the period decreased by 44.24 percent in the outgoing year, whereas the company was Profitable during the Period after suffering from hefty losses last year.

The board has recommended any Cash Dividend for year ended June 30, 2017, no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account – For the Year Ended

Key Financials

2017

2016

% Change

 

Amounts in PKR

Income

31,397,949

56,306,598

-44.24%

Operating Expenses

6,750,689

6,025,877

12.03%

Depreciation of Ijarah Assets

23,052,067

17,599,844

30.98%

Operating Profit

1,595,193

2,680,877

-40.50%

Other Income

607,110

778,121

-21.98%

(Loss)/Profit before Management Fee

5,303,632

(55,737,620)

 

Management Fee

530,363

 

(Loss)/Profit before Taxation

4,599,840

(55,737,620)

 

Taxation

(18,976)

(558,645)

-96.60%

(Loss)/Profit after Taxation

4,580,864

(56,296,265)

 

Other Compre: Income

 

Total Comprehensive Income

4,580,864

(56,296,265)

 

(Loss)/Earning per certificate – Basic & diluted

0.46

(5.63)

 

 

Company release on Earnings Report can be accessed here.

Posted on: 2017-09-19T09:53:00+05:00

Data is delayed by 20 minutes

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